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MAXIMUS, Inc. (MMS - Free Report) reported mixed second-quarter fiscal 2023 results wherein earnings missed the Zacks Consensus Estimate but revenues beat the same.
The stock has gained 3.2% since the earnings release on May 3, despite the lower-than-expected earnings performance.
Quarterly adjusted earnings (excluding 28 cents from non-recurring items) of 80 cents per share missed the Zacks Consensus Estimate by 2.6% but beat our estimate by 1.7% and decreased 25.2% year over year. Revenues of $1.21 billion beat the consensus mark by 1.3% and our estimate by 2.6%. The figure increased 2.5% year over year.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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